Senate News

A series of ads reportedly aired on Fox News, calling on the public to contact their senators to remove DeFi provisions from the CLARITY Act bill.

Democratic leaders on key committees considering crypto market structure legislation are reportedly drawing a line in the sand over elected officials profiting off the industry.

The proposal reduces Florida’s crypto ambitions, effectively limiting eligible assets to Bitcoin and distancing it from pension exposure.

A Coinbase executive said changes to the GENIUS Act could weaken US dollar stablecoins as China moves to boost the digital yuan by allowing interest-bearing wallets.

Harriet Hageman’s “Soon” teaser on X sharpens talk of a 2026 Senate bid to replace crypto ally Cynthia Lummis, raising the stakes for Wyoming’s pro‑crypto brand.

Cynthia Lummis is one of the key Republicans responsible for pushing members of Congress to pass a crypto market structure bill under consideration in the Senate.

Mike Selig pledged to make crypto a priority when he was picked to lead the CFTC in October, while Travis Hill has spoken out against crypto debanking.

The Senate Banking Committee delayed crypto market structure hearings until 2026 amid ongoing bipartisan negotiations.

Senators could vote on Michael Selig’s nomination to head the CFTC, which, if successful, is expected to lead to the departure of acting Chair Caroline Pham.

“Our staffs are exhausted,” said the Wyoming senator at the Blockchain Association Policy Summit on Tuesday, speaking on the progress of the crypto bill.

Michael Selig said he supported having a “cop on the beat” for digital asset markets and answered questions about how he would handle regulation as the sole CFTC commissioner.

Democratic senators are urging a probe into WLFI over alleged token sales to North Korea- and Russia-linked wallets, while researchers say some claims stem from false positives.

Senate Banking Chair Tim Scott says the committee could mark up a crypto market structure bill in December, sending it to President Donald Trump for early 2026.

Bitcoin ETFs saw $866 million in outflows as the US shutdown ended, pushing BTC to a six-month low and raising concerns over market structure and investor demand.

Smart money traders have also added $8.5 million worth of net long Bitcoin positions, signaling growing optimism among the industry’s most successful traders.